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PEER COMPANIES

NEW DELHI: Asian shares fell to 14-month low in early Friday trade, but Nifty futures on the Singapore Exchange were trading 22.50 points, or 0.19 per cent, higher at 11,567, indicating a strong start for the Nifty50.

Here's a look at the top stocks that may hog the limelight in today's session:

Infosys: Indian software services exporter Infosys Ltd on Friday announced a joint venture with Singapore state investor Temasek Holdings, Reuters reported. Infosys will take a 60 percent stake in the joint venture and Temasek will hold 40 percent, Infosys said in a statement. The scrip rose 0.7 per cent in Friday's trade.

Caplin Point Laboratories: The stock gained on successful USFDA inspection at its sterline injectable site located at Gummudipoondi. This was a scheduled inspection and at the end of the inspection, there were ZERO 483sVivek Partheeban of Caplin Point in an interview to ET Now said that his company has filed 2 ANDAs and is aiming is to file 4-5 more ANDAs by end of year. He sees faster approval from USFDA going ahead.

Cadila Healthcare: The scrip gained half a per cent even as reports emerged that USFDA had inspected Liva facility from August 20-28 and issued 5 observations .

Indostar Capital Finance: The scrip gained 1 per cent in Friday's trade after the company raised Rs 4.80 crore through allotment of 48 Series XXX Tranche G , Rated, Listed, Secured, Redeemable, Non-Convertible Debentures (NCDs) of Face Value of Rs 10 lakh each, on private placement basis. The debenture committee of the board of the company approved allotment of the same on September 6.

Sun Pharma: A media report stated that the USFDA issued six observations to the company’s Halol plant for inspection done during August 27-31. The stock was down 4 per centin early trade. The scrip was trading 4.05 per cent down at Rs 649.25 at around 9.37 am (IST), while the BSE Sensex was down 0.33 per cent at 38,116 at around the same time.

Indostar Capital Finance: The scrip gained 1 per cent in Friday's trade after the company raised Rs 4.80 crore through allotment of 48 Series XXX Tranche G , Rated, Listed, Secured, Redeemable, Non-Convertible Debentures (NCDs) of Face Value of Rs 10 lakh each, on private placement basis. The debenture committee of the board of the company approved allotment of the same on September 6.

USL: The Diageo Group need not make an open offer to the minority shareholders of United Spirits (USL) for the $75-million exit settlement between embattled businessman Vijay Mallya and Diageo, capital market regulator Sebi said on Thursday.

Lanco Infratech: Trading in the equity shares of Lanco Infratech will be suspended on BSE from September 14, following commencement of liquidation proceedings. The move comes after the Hyderabad bench of the National Company Law Tribunal (NCLT), on August 27, ordered the liquidation of the company, and appointed resolution professional Savan Godiavala as the liquidator.

Hindustan Unilever: The Directorate General of anti-profiteering has charged Hindustan Unilever, the country’s top consumer products maker, with profiteering from a cut in goods and services tax by not passing on the benefits to consumers. The report put HUL’s undue profits at more than Rs 330 crore, more than double of the Rs 160 crore that the company had deposited with the Consumer Welfare Fund of the government, earlier.

Reliance Naval: IDBI Bank has moved NCLT against Reliance Naval and Engineering Ltd to recover its dues from the company. The company has been informed that IDBI Bank Ltd, a lender of the company, has filed an application before the National Company Law Tribunal (NCLT), Ahmedabad, seeking debt resolution under the Insolvency and Bankruptcy Code (IBC), Reliance Naval and Engineering said in a regulatory filing Thursday.

Aurobindo Pharma: Hyderabad-based Aurobindo Pharma on Thursday announced it had entered into an agreement to acquire the commercial operations and three manufacturing facilities in the US from Sandoz, a Novartis generics division, for $900 million. The deal makes Aurobindo Pharma the second largest generic player in the US by number of prescriptions, ahead of other generics drug makers like Mylan, Lupin and Taro (subsidiary of Sun Pharma).

Indian Overseas Bank (IOB): The lender has received RBI nod to exercise call option on bonds worth Rs 655.30 crore, the bank said Thursday. "The Reserve Bank has accorded approval for exercise of call option on the bonds aggregating to Rs 655.30 crore as per the terms of the issue," the bank said in a regulatory filing. The call option is scheduled to be exercised on September 17.

Strides Pharma Science: Promoter Abusha Investment & Management Services on Thursday sold 4 lakh shares of the firm for Rs 20 crore through an open market transaction. According to the block deal data available with the NSE, Abusha offloaded 4 lakh shares, amounting to 0.45 per cent stake in the firm. The shares were disposed of at an average price of Rs 493, valuing the transaction at Rs 19.72 crore.

L&T Technology Services (LTTS): The mid-sized engineering services company will buy Graphene Semiconductor Services for Rs 93 crore in an all-cash deal, to strengthen its capability in chip design and embedded software services.

Religare Enterprises: The company reported a standalone net loss of Rs 17.07 crore for the quarter ended June. The company had posted a loss of Rs 14.05 crore in the corresponding period of 2017-18. Total revenues fell to Rs 5.95 crore during the quarter under review as against Rs 18.02 crore in the year ago period.
Jet Airways: Crisis-hit Jet Airways Thursday told senior employees that salaries will be paid in two instalments till November. With pilots warning of "non-cooperation" over delay in pay, the airline has assured them that 50 per cent of their August salary will be paid by September 11, sources said.

Vijaya Bank: State-owned Vijaya Bank has hiked marginal cost based lending rates (MCLR) by 0.05 per cent for select maturities, following industry peers. The bank has revised the MCLR with effect from September 7, 2018, Vijaya Bank said in a regulatory filing.

Escorts: The company aims to transform into a complete farm solutions company from just a manufacturer of tractors, the market for which is expected to plateau in the coming decade. As part of the strategy, the Faridabad-based company is getting into the farm mechanisation space and has announced a shared tractor platform called Traxi and plans for autonomous tractors.

IndiGo, SpicetJet:IndiGo and SpiceJet are looking at transporting cargo to boost their income, as passenger revenue of airlines remain stressed due to competition. SpiceJet is adding freighter aircraft to tap the market, while IndiGo, India’s largest carrier by market share, plans to ferry perishable cargo in the belly of its planes.

Bharti Airtel:Bharti Airtel could well regain its No 1 ranking in revenue market share (RMS) in the next 2-3 quarters from Vodafone Idea (VIL) which is expected to lose ground during the integration process as it conforms to M&A rules, while the Sunil Mittal-owned telco gains, mainly from its acquisition of Tata Teleservices’ consumer mobility business, analysts said.

Reliance Industries: Brokerage firm CLSA raised its target price on Reliance Industries (RIL) to Rs 1,500 from Rs 1,350 after removing its “holdco discount” on its retail and telecom businesses.